GenusPlus Group lands significant contract

GenusPlus Group (ASX:GNP), a leading provider of power and communications infrastructure, has been awarded a substantial contract by Ausgrid. The contract, valued at approximately $140 million, involves work on the Hunter-Central Coast Renewable Energy Zone sub-transmission line, a key project under the New South Wales Government's renewable energy initiatives.

GenusPlus Group's strategic advancement

The announcement of GenusPlus Group's $140 million contract with Ausgrid marks a pivotal moment for the company as it plays a crucial role in advancing Australia's renewable energy infrastructure. The project involves significant construction and demolition work, including replacing existing sub-transmission lines and integrating new technology. It is a cornerstone in the Hunter-Central Coast Renewable Energy Zone, one of five zones prioritized by the New South Wales Government for their renewable potential. GenusPlus Group's expertise in transmission line works and effective resource management positions them strongly for future opportunities in the renewable sector. The successful execution of this contract is anticipated to enhance their reputation and open doors to further projects aligned with Australia's net-zero energy aspirations.

Executive insights on new contract

We are confident in our ability to deliver this project successfully and build a strong relationship with Ausgrid. This project is critical not only for New South Wales but for the broader Australian community in moving towards sustainable energy solutions.